A company begins operations in March and has the following transactions. March 1 Issue common stock...

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A company begins operations in March and has the following transactions. March 1 Issue common stock for $14,000. March 5 Obtain $7,600 loan from the bank by signing a note. March 10 Purchase construction equipment for $18,000 cash. March 15 Purchase advertising for the current month for $1,200 cash. March 22 Provide construction services for $16,600 on account. March 27 Receive $11,600 cash on account from March 22 services. March 28 Pay salaries for the current month of $4,600. Required: Record each transaction. (If no entry is required for a transaction/event, select "No Journal En Required" In the first account field.) NANAN Action lat Issue common stock for $14,000. Obtain $7,600 loan from the bank by signing a note. B Purchase construction equipment for $18,000 cash. Purchase advertising for the current month for $1,200 cash Credit 5 Provide construction services for $16,600 on account. 6 Receive $11,600 cash on account from March 22 services. 7 Pay salaries for the current month of $4,600. Note: = journal entry has been entered Record Gitary Creal SHILEY View general journal A company begins operations in March and has the following transactions. March 1 Issue common stock for $14,000. March 5 Obtain $7,600 loan from the bank by signing a note. March 10 Purchase construction equipment for $18,000 cash. March 15 Purchase advertising for the current month for $1,200 cash. March 22 Provide construction services for $16,600 on account. March 27 Receive $11,600 cash on account from March 22 services. March 28 Pay salaries for the current month of $4,600. Required: Record each transaction. (If no entry is required for a transaction/event, select "No Journal En Required" In the first account field.) NANAN Action lat Issue common stock for $14,000. Obtain $7,600 loan from the bank by signing a note. B Purchase construction equipment for $18,000 cash. Purchase advertising for the current month for $1,200 cash Credit 5 Provide construction services for $16,600 on account. 6 Receive $11,600 cash on account from March 22 services. 7 Pay salaries for the current month of $4,600. Note: = journal entry has been entered Record Gitary Creal SHILEY View general journal

Answer rating: 100% (QA)

The journal entries are given below Date Account Title and Explanation ... View the full answer